A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
UnTravel (2016, Gurgaon), platform to book customized travel experiences. Founders are executives from Indian Health Organisation, Cochin Granites, HSBC and are alumni of IIM Calcutta and St. Stephen’s College. Local competitor includes
Must See India (2007, Bangalore, $5M). Global comparable includes Marco Vasco (2008, Paris, $22M).
INDIA INTERESTING NEWS
NowFloats (2012, Hyderabad), platform for SMBs to create online storefronts, appoints Mr. Rajeev Goyal as VP of growth & strategic projects and Mr. Mukesh Lohar as business head for India and emerging markets. Link
Haryana’s chief minister Manohar Lal Khattar launches Gurugram’s first startup incubation centre. Link
Axoni (2016, NYC), blockchain solutions provider for capital markets, raises $18M in series A round of funding led by Wells Fargo and Euclid Opportunities with participation from Goldman Sachs and others. Link
Glu Mobile (2001, SF), mobile games developer and publisher specializing in mid-core games, acquires QuizUp (2010, Reykjavik), mobile game developer specializing in Trivia based games, for $7.5M. Link
Wildcat Technology Partners, San Mateo-based early stage VC firm, holds second close of its first fund, at $52.2M. Link